CSO figures show property prices rose by 8 per cent in the 12 months to February

The median price of a dwelling purchased in the 12 months to January this year was €359,999, figures showed.

New research carried out by Davy said they expect a moderate slowdown in monthly property price increases compared to 2024, in light of the gradually increasing supply available for purchase.

That is down slightly from October 2024 when prices increased by 9.7 per cent.

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Prices in Dublin decreased by 0.6 per cent, while prices outside the capital were up 4.5 per cent

Prices in Dublin fell year-on-year by 1.4 per cent in July, the sharpest rate of decline reported since November 2020

Prices in the capital fell by 0.2 per cent in the 12 months to May